From 2014 to 2023, the demand for coconuts and copra in Turkey experienced moderate growth, increasing from 14.0 to 18.0 thousand metric tons. This period saw fluctuations in year-on-year growth, with notable increases of 7.14% in 2015, 6.67% in 2017, and 6.25% in 2018, contrasted with years of no growth. The last two years showed stability, with demand steady at 18.0 thousand metric tons in both 2023 and 2024. The compound annual growth rate (CAGR) over the past five years stood at 1.15%.
Looking ahead, the forecasted data for 2024 to 2028 indicates a steady increase, reaching 19.0 thousand metric tons by 2028, reflecting a 5.56% total growth and an average annual growth rate (CAGR) of 1.09%.
Future trends to watch for:
- Potential influences of climate change on coconut production and global supply chains.
- Increasing consumer awareness and demand for coconut-based products due to health trends.
- Technological advancements in agriculture that could impact local cultivation and production efficiencies.
